Core Insights - The Chinese Fourier Transform Infrared Spectrometer (FTIR) industry has made significant technological advancements, with domestic companies overcoming key technical barriers and achieving international standards in some products [1][12][22] - The market size for FTIR in China is projected to reach 1.824 billion yuan in 2024, reflecting a year-on-year growth of 9.75% [1][12] - The application scenarios for FTIR are expected to expand due to stricter environmental regulations, increased investment in biomedicine research, and a surge in demand for new energy materials [1][12] Industry Overview - FTIR is an instrument that utilizes Fourier transform principles to obtain infrared spectra of substances, providing crucial data for chemical analysis and material identification [3] - The industry can be categorized into specialized and multifunctional FTIR spectrometers, with applications ranging from environmental monitoring to chemical analysis [3] Industry Development History - The FTIR industry in China has evolved through four main stages: exploration (1987-2000), independent research and development (2000-2008), industrialization (2009-2014), and intelligent development (2015-present) [4][5][6] - Key milestones include the introduction of the first domestic FTIR model in 1993 and the development of portable FTIR devices that surpassed international counterparts in performance by 2011 [4][5] Industry Value Chain - The upstream of the FTIR industry includes optical materials, electronic components, and mechanical parts, while the midstream focuses on manufacturing FTIR devices [8] - Downstream applications span various fields, including biomedicine, environmental monitoring, materials science, and food safety [8] Current Industry Status - The FTIR industry in China has seen remarkable progress in technology, with domestic firms breaking through barriers in critical components like interferometers and detectors [12] - The market is expected to continue growing, driven by regulatory changes and increased research funding [12] Key Companies' Performance - The competitive landscape is shifting, with domestic companies like Yanzhao Optical and Beijing Rayleigh gradually breaking the international monopoly in the high-end FTIR market [14][22] - International giants such as Thermo Fisher and Bruker maintain a stronghold in the high-end market, but domestic firms are gaining traction through innovation and improved performance [14] Industry Development Trends - The integration of AI and IoT technologies is transforming FTIR from a simple detection tool to an intelligent analysis platform, enhancing measurement efficiency and data accuracy [19][20] - Domestic companies are actively expanding their market presence both domestically and internationally, particularly in Southeast Asia and Africa, driven by the Belt and Road Initiative [21] - The trend of domestic substitution is gaining momentum, with local firms increasingly penetrating the high-end market and offering customized solutions [22]